HSBC, Brasil Brokers Partner

HSBC and housing broker Brasil Brokers Participacoes have signed a 5-year partnership agreement offer mortgage loans in Brazil, the latter says in a regulatory filing. As part of the deal, HSBC will pay Brasil Brokers BRL45m ($27m) in commissions. Brasil Brokers, which has a brokerage team of 12,000 people, reported sales of BRL11.5bn in 2009.